BMO lifts travel tech firm Navan's PT; shares rise

ReutersMar 26, 2026 2:03 PM

Shares of corporate travel booking agency Navan NAVN.O rise nearly 30% to $11.8 in morning trading

BMO raises NAVN's price target to $15 from $13, reiterates "outperform" rating

New PT represents 63.9% upside to stock's last close

Co on Wednesday forecast 2027 revenue above Wall Street estimates, banking on strong demand from on-boarding new company clients to its platform

Brokerage says AI‑related pressure on stock is overdone, citing complexity of business-travel market and substantial cost savings Navan delivers

Median PT of 13 brokerages covering stock is $22 - data compiled by LSEG

Including session's moves, NAVN down 31.2% YTD

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